The approval and execution of any borrowing documentation other than in the ordinary course of business where the borrowing exceeds £50,000, the creation of any security and the grant of any guarantee or indemnity.
Making any loan or granting any credit (other than normal trade credit) where the loan exceeds £10,000.
Entry into any contract, arrangement or commitment involving expenditure on capital account or the realisation of capital assets where the expenditure exceeds £50,000, which has not been pre-approved in a budget.
The appointment of a committee of the directors of the Company or a local Board or the delegation of any powers by way of power of attorney or otherwise.
Taking or agreeing to take a leasehold interest in or licence over land over £10,000 per annum.
The issue of any shares and the creation of any new shares.
The proposal to consolidate, sub-divide or convert any of the Company’s share capital.
The issue of renouncable allotment letters.
The creation or acquisition of any subsidiary or the disposal of shares in any subsidiary.
The entry by the Company or any subsidiary into any new operating venture where the amount committed by that group company exceeds £25,000, which has not been pre-approved in a budget.
The issue of any securities convertible into shares or debentures or share options or warrants in respect of shares.
The entry into of any contract or transaction except in the ordinary and proper course of business on arm’s length terms.
The entry into any contract or transaction where the potential liability of the Group (after the covering or off-setting of the liability by the Group) will exceed £50,000, which has not been pre-approved in a budget.
The approval of any accounts, financial statements, budgets, business plans or other records or reports on the Company’s financial position.
Any decision to appoint or remove auditors.
Any decision to appoint or remove bankers.
Any decision whether or not to pay a dividend.
The establishment of any kind of share dividend scheme, share option scheme, long term incentive plan, employee share ownership plan or similar.
Any material variation in the insurance arrangements undertaken by the Company and its subsidiaries.
The convening of any shareholders’ meeting and the approval of any information to be distributed to shareholders.
The approval of any documentation required to be produced in compliance with the continuing obligations under the AIM Rules.
Any agreements or arrangements with related parties (as defined in the AIM Rules).
Any change in registered office.
Any change in the company secretary.
Any decision to buy in its own shares.
Any takeover whether as offeror or offeree.
Regular progress reports on the trading position of the Company and its subsidiaries.
The decision to commence any litigation proceedings where the amount sought exceeds £25,000 other than routine debt collection and the decision to defend any litigation proceedings.
Consideration of interim and other price sensitive public reports and reports to regulators as well as information required to be presented by statute.
Any material change to the system of internal control covering all controls, including financial, operational and other controls and risk management.
Review of the requirement for an internal audit function.
Any change to the members of or the terms of reference of the audit committee.
Any change to the members of or the terms of reference of the remuneration and nomination committee.
Any change to the list of matters reserved for the Board.